Common use of Uninsured Losses Clause in Contracts

Uninsured Losses. Any loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $1,000,000; provided, however, the foregoing shall not constitute an Event of Default so long as Borrowers as of the date of the occurrence of any such uninsured loss have Liquidity in an amount at least equal to 20% of the aggregate Commitments plus the amount of such uninsured loss.

Uninsured Losses. Any loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as the Administrative Agent shall have permitted) by insurance if the aggregate amount not covered by insurance exceeds $1,000,0001,000,000 in any Fiscal Year; provided, however, the foregoing shall not constitute an Event of Default so long as Borrowers as of the date of the occurrence of any such uninsured loss have Liquidity in an amount at least equal to 20% of the aggregate Commitments plus the amount of such uninsured loss.or

Uninsured Losses. Any loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $1,000,000; provided, however, the foregoing shall not constitute an Event of Default so long as Borrowers as of the date of the occurrence of any such uninsured loss have Liquidity in an amount at least equal to 20% of the aggregate Commitments $20,000,000 plus the amount of such uninsured loss.

Uninsured Losses. Any lossloss (other than a loss relating to an Account), theft, damage or destruction of any of the Collateral not fully covered by insurance (subject to such customary deductibles as Agent shall have permitted) by insurance if the aggregate amount of such loss that is not covered by insurance exceeds $1,000,0002,000,000; provided, however, that the foregoing occurrence of any such loss shall not constitute an Event of Default so long as Borrowers as of if the date of Agent has determined, in its reasonable discretion, that Borrower, after giving effect to the occurrence of any such uninsured loss have Liquidity in an amount at least equal to 20% of the aggregate Commitments plus the amount destruction of such uninsured lossCollateral, has adequate Borrowing Availability.